Markets

Pushpay up 14% with bidding war on the cards

Dan Brunskill
Tue, 24 May 2022

Pushpay up 14% with bidding war on the cards
Pushpay's chief executive Molly Matthews is US-based and the company's likely to shift its listing to the Nasdaq eventually. (Image: Pushpay))
Dan Brunskill
Tue, 24 May 2022
Pushpay Holdings may be setting the scene for a bidding war after it released a statement saying it was in the early stages of discussions with multiple interested buyers. The comment came after two existing shareholders, BGH Capital and Sixth Street, disclosed they had agreed to cooperate on a takeover bid. The two hold a combined stake of 20.3%.This cooperation agreement says the firms will work together to negotiate and implement a proposed bid and prevents them from selling shares or supporting a competing proposal.It appears ther...

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

The Economist
How attractively are shares now priced?
The Economist | Sun, 26 Jun 2022

What a key valuation measure says about buying the dip.

Wine FREE
The $100 Club: A wine rich list
Bob Campbell MW | Sun, 26 Jun 2022

If you're a wine connoisseur, you're spoiled for choice. The number of high-flying wines on sale for more than $100 has tripled since 2013.

Property FREE
Money Answers: how much mortgage can I actually afford?
Frances Cook | Sat, 25 Jun 2022

This week, readers ask how they should decide as a family what they can afford in terms of buying a house – and just because you can, should you?

Sponsored
Investments to sustain the momentum of building in NZ

Classic Capital has opened its Land & Build fund to qualified wholesale and eligible investors.

Sponsored
High water marks: Watercare raises the tide on sustainability

The No.1 barrier to decarbonisation for NZ organisations is accurate measurement, says Microsoft’s Accelerating the Journey to Net Zero report.